Refinancing and home purchases had a nearly even share of mortgage originations in July. ICE Mortgage Technology said that 50 percent of closed loans during the month were purchase mortgages while 49 percent were for refinancing. Refinancing, however, continued to dominate the conventional market at 54 percent of those loans. The share among FHA loans was 22 percent and refis accounted for 32 percent of VA loans. The time to close a loan improved slightly from June to July. It took an average of 48 days on average, one day less than in June. The time to close a refinance dipped from 48 to 47 days and purchase loans took 48 days compared to 51 the previous month. The average note rate during the month was 3.25 percent, 3 basis points higher than in June. Over the 12 months ended in July the

September 16, 2021 Download our Mobile App: Download our Mobile App: Housing News Refis and Purchasing Split Originations in July Refinancing and home purchases had a nearly even share of mortgage originations in July. ICE Mortgage Technology said that 50 percent of closed loans during the month were purchase mortgages while 49 percent were for refinancing. Refinancing, however... (read more) Rob Chrisman AE Jobs; Lock Desk, VOE, Sales, Reporting Tools; More Conf. Conv. Changes; Remote Events Today I’m getting old. I can remember the lyrics from a Steppenwolf song that I haven’t heard in 20 years but I don’t remember what I had for lunch yesterday. I do know, however, that today is a trip to Atlanta for a presentation with att... (read more) Housing News Foreclosure Rate Lowest in Over Two Decades Today there are 400,000 homeowners in their final month of forbearance and another 1.2 million still in the program as it winds down, thus, it is probably way too early to conclude that the nation has a ducked a pandemic foreclosure bullet, However, ... (read more) Mortgage Rates Mortgage Rates Start Stronger But Moved Higher During The Day 30 Yr. Fixed Rate 6.75% +0.02% Rate Change Points Mortgage News Daily 30 Yr. Fixed 6.75% +0.02 0.00 15 Yr. Fixed 5.98% +0.01 0.00 30 Yr. FHA 6.27% +0.02 0.00 30 Yr. Jumbo 6.85% +0.01 0.00 7/6 SOFR ARM 6.32% -0.01 0.00 30 Yr. VA 6.29% +0.03 0.00 Updates Daily - Last Update: 7/3 15 Yr. Fixed Rate 5.98% +0.01% Rate Change Points Freddie Mac 30 Yr. Fixed 6.67% -0.10 0.00 15 Yr. Fixed 5.80% -0.09 0.00 Updates Weekly - Last Update: 7/3 Rate Change Points Mortgage Bankers Assoc. 30 Yr. Fixed 6.79% -0.09 0.62 15 Yr. Fixed 6.06% -0.05 0.67 30 Yr. Jumbo 6.78% -0.10 0.40 Updates Weekly - Last Update: 6/26 MBS / Treasuries MBS Live Recap: Uneventful Afternoon After Strong Data Sends Yields Higher UMBS 30YR 5.5 99.64 -0.20 Price / Yield Change MBS UMBS 5.5 99.64 -0.20 UMBS 6.0 101.43 -0.13 GNMA 5.5 99.86 -0.11 GNMA 6.0 101.34 -0.06 Pricing as of: 7/3 9:55PM EST 10 Year US Treasury 4.3467 +0.0669 Price / Yield Change US Treasury 2 YR Treasury 3.883 +0.095 5 YR Treasury 3.937 +0.070 7 YR Treasury 4.125 +0.068 10 YR Treasury 4.347 +0.067 30 YR Treasury 4.863 +0.055 Pricing as of: 7/3 9:55PM EST Latest Video The 2pm Bond Report - September 16, 2021 Real estate 'investment market looking beyond this current cloud', CEO says Is the Fed a "go" on tapering this year? The 9am Bond Report - September 16, 2021 Around the Web Redfin Home Sales Fell 6% in August, the First Annual Decline in 15 Months Calculated Risk Blog Household Formation Drives Housing Demand National Associattion of Realtors NAR Report Finds Four Out of Five Real Estate Firms Operated From a Single Office in 2020 CNBC Powell orders ethics review after Fed presidents disclosed multimillion-dollar investments Reuters Fed's Powell orders sweeping ethics review after officials' trading prompts outcry CNBC Retail sales unexpectedly rise 0.7% in August vs. expected decline of 0.8% Reuters Biden met moderate U.S. Senate Democrats to discuss $3.5 trln spending bill CNBC Treasury yields rise slightly ahead of jobless claims data The Basis Point Three-quarters of homebuyers faced bidding wars in April. Now it's about half. Here are cities with most & least bidding wars, and tips for winning. Calculated Risk Blog Another 5 Local Housing Markets in August Calculated Risk Blog Industrial Production Increased 0.4 Percent in August CNBC Here's how inflation is hitting the online prices of everything from apparel to furniture Black Knight Black Knight Introduces LoanCatcher, an All-in-One, Cloud-Based Loan Origination System Designed Specifically for Mortgage Broke...

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